The futures and options pages
The futures and options pages compare options by their implied volatility and dated futures by their premium a year, across the exchanges that list them.
Where they are
Futures & options, the third tab over the indexes and the scoreboards, opens them: an index of every coin with options on two or more exchanges, a page each for Bitcoin, Ethereum, XRP and Solana, a scoreboard of the exchanges, and a tab on each options exchange’s own page. Options are read from Deribit by Coinbase, OKX and Bybit, and dated futures from 7 exchanges, whichever you have on, unless you choose Only exchanges I use on the scoreboard or an exchange’s page.
Options, by their volatility
Each exchange prices its options from its own forward, some in the coin and some in dollars, so their prices don’t line up. Implied volatility takes that out: the price written as the yearly swing in the coin it implies. At the money is the strike nearest the forward that at least two exchanges list, so they’re compared on the same contract.
Dated futures, by their premium
A dated future settles on its expiry, unlike a perpetual. Each is compared by its premium a year: its price at the middle of its book over its own exchange’s index, as a simple rate a year. None is shown within 7 days of expiry, where a hair’s difference becomes a large rate.
A coin’s page
Its parts, as its sidebar lists them: Futures by expiry, Options by expiry, Options by strike and Volatility by strike, then three for trading: the Futures spread trade, Options priced apart and the Options trade simulator. Its figures are read again every minute, and every 2 minutes on the section’s other pages, and say how old they are.
An exchange that isn’t there
Some exchanges with options turn away visitors from some countries. Where one does, the page says so in a note under its tables, and its figures are left out: what you can do.
On the site
Related articles
- Funding rates, as the site shows them
Perpetuals pass funding between longs and shorts. The site writes every exchange’s rate as a rate a year, so hourly and 8-hourly exchanges compare directly.
- Reading Signals
Signals lists where two exchanges are apart on a price by more than it costs to trade both sides, on spot, perpetuals, and futures and options.
- An exchange won’t connect
Why an exchange can stay on Connecting, say No reply or Couldn’t load, or turn you away, and what you can do about each.
From the blog
- Implied volatility explained: compare crypto options fairly
Implied volatility is an option's price written as the yearly move it implies. Why it's the fair way to compare crypto options across exchanges, and how to read it.
- How to read a crypto option chain across exchanges
An option chain lists every strike for one expiry, with each exchange's bid and ask. How to read calls and puts, the best price, crossed quotes and the forward.
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